Scottish Friendly Child Flexible Plan

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Scottish Friendly's Child Flexible Plan is a tax-free investment for children under 16. It lets you invest from as little as £15 - £25 per month for any child - including grandchildren, nephews and nieces. When you invest that money in Scottish Friendly's Child Flexible Plan, it could mount up to a tidy sum.

The Child Flexible Plan is a long- term investment. It's designed to help you invest for their future, but with the flexibility to take your money out for the child whenever you need to. When you maintain the Plan for the child for more than 10 years, the payout the child receives will be free from tax. Under current law, tax-free means free of income and capital gains tax except for tax on dividends from UK shares - so just like a Junior ISA. Like any tax break it depends on individual circumstances and can change in the future.

With the Child Flexible Plan you grow a sum that will help the child later, when he or she starts out for adult life. However, you must remember that as with all stock market investments the value of your investment may fall as well as rise and you might not get back as much as you have paid in.